Business & Finance
El Niño Stresses China’s Power Market With Return to Costly Gas
Key Points
El Niño Stresses China’s Power Market With Return to Costly Gas China’s industrial heartland of Guangdong is being forced to turn back to costlier natural gas to meet rising electricity demand, after the El Niño weather pattern curtailed hydropower and wind output. The southern province, with an economy roughly the size of Spain, is hurrying to rebuild fuel stocks, while utilities are left with few options but to restart idled gas units to plug the hole left by weaker clean energy generation.
El Niño Stresses China’s Power Market With Return to Costly Gas
China’s industrial heartland of Guangdong is being forced to turn back to costlier natural gas to meet rising electricity demand, after the El Niño weather pattern curtailed hydropower and wind output.
The southern province, with an economy roughly the size of Spain, is hurrying to rebuild fuel stocks, while utilities are left with few options but to restart idled gas units to plug the hole left by weaker clean energy generation.